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SOURCE The Conference Board
NEW YORK, Aug. 18, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.5 percent in June to 107.2 (2004 = 100), following a 0.4 percent increase in May, and a 0.1 percent increase in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, fell 0.1 percent in June to 94.5 (2004 = 100), following a 0.2 percent increase in May, and a 0.1 percent increase in April.
The LEI for Spain increased for the fourth consecutive month in June, and as a result, its six-month growth rate has improved. Meanwhile, despite a small dip in June, the CEI is up moderately for the year and its six-month growth rate continues to accelerate. Taken together, the recent behavior of the composite indexes suggests that the current modest economic recovery should continue in the second half of this year.
About The Conference Board Leading Economic Index® (LEI) for Spain
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
The six components of The Conference Board Leading Economic Index® for Spain include:
Capital Equipment Component of Industrial Production Contribution to Euro M2 Stock Price Index Long term Government Bond Yield Order Books Survey Job Vacancies
The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.